Tag: gym closings over covid

24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink

Gym chain 24 Hour Fitness is working with advisors at investment bank Lazard and law firm Weil, Gotshal & Manges to weigh options including a bankruptcy that could come as soon as the next few months, people familiar with the matter tell CNBC. The chain is grappling with a heavy debt load, deteriorating performance and…